Each state depositary shall give to the officer placing funds or moneys therein to the credit of the Treasurer a receipt therefor in duplicate, and such officers shall immediately mail to the Department of Finance a duplicate of the said receipt. The Department of Finance shall, upon receiving the same, pass the amount therein mentioned to the credit of said officer and transmit the duplicate receipt to the Treasurer, who shall mail to the said officer a receipt for the same.
Structure Code of Alabama
Chapter 14 - State Funds Generally.
Article 1 - State Depositaries.
Section 41-14-1 - Designation of State Depositaries.
Section 41-14-2 - Application for Designation Action Upon Default or Insolvency.
Section 41-14-3 - Certification by Treasurer; Order by Governor.
Section 41-14-4 - Transfer or Removal of State Funds to or From State Depositary.
Section 41-14-11 - Notice of Intent to Surrender Designation.
Section 41-14-16 - Penalties for Violations of Provisions of Article.